As of today, Thursday, July 12, 2018, the return from my trading performance since January 1 stands at +49.8 accumulated profit points vs the benchmark SPY’s performance of +4.8 points over the same period. On Thursday my performance was flat in Risk-Off mode (shown above). Risk-Off mode is where trades are not extended and exits are bounded by predetermined time in trade limits absent other reasons to exit (e.g., price target or stop loss reached, etc.) On Thursday. the SPY was down -2.0. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -0.4 points.

33 stocks traded yesterday: 26 long and 7 stocks traded short in the following sectors. 17/33 were in the Manufacturing sector.

Today’s a new day and I am prepared for the market open with 19 themes/strategies I determined overnight will best match what the market throws at us. I may or may not use all these intraday strategies depending on whether or not all the criteria for each are satisfied.

Of these 19 strategies selected today 12 are Long, bullish in outlook. 7 are Short, bearish in outlook. Ready for anything. The Got Dough Wants to Go strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.

Here are the algos:

No.

Win%

Strategy

L/S

1

62.1

Bullish Trend Change

Long

2

61.4

Buyers Stepping In

Long

3

65.8

Cuts Like a Knife

Short

4

65.3

Downward Dog

Short

5

59.7

Downward Momentum

Short

6

63.2

Float On

Long

7

68.6

Got Dough Wants To Go

Long

8

59.3

Knocking on Resistance

Short

9

61.5

Little Big Guy

Long

10

64

Looking for Bounce

Long

11

62.3

Mighty Mouse

Long

12

67.9

On Support

Long

13

61.2

Power Hour Short

Short

14

66.7

Quarterback

Long

15

61.2

Selling Strength

Short

16

66

Strong Stock Pulling Back

Long

17

64.4

Sunrise Mover

Long

18

0

The Vault

Long

19

62.5

Topping Formation

Short

Have a great morning. See you in the markets!

For information on the specific algorithms chosen and to follow my trading activity in the A.I. Channel, download the latest release of Trade Ideas Pro. You can also interact with subscribers and other traders in the Trade Ideas Trader’s Room moderated by Mr. Barrie Einarson, live during market hours. You can also follow me on social media at @TradeIdeas.